North Division
Kansas
Kansas State
Mizzou
Iowa State
Louisville
Cincy
South Division
Memphis
TCU
Baylor
SMU
South Florida
Central Florida
I include Memphis because of this
FedEx CEO could provide millions if BCS-affiliated league takes Memphis - CBSSports.com
PLUS
$125 Million in exit penalties to be spread around
PLUS
The schools would be on an even level with one another (no bullies like Texas and OU)
PLUS
All of these schools recruit Texas and Florida anyway
PLUS
You maintain rivalries and it makes sense (somewhat) geographically
I like it, but the problem is that it doesn't really stack up to the major conferences.